Zentiva says does not see profit warning in Q4

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The stock dropped 4.3 percent on Wednesday to 905.5 crowns which traders attributed to comments by Chief Executive Martin Michal in daily E15 that the company would not hesitate to issue another profit warning if necessary.

Zentiva said the remarks were not connected to the expected results for the fourth quarter of 2007.

"If there was any fundamental information that would influence expectations of the results either in a negative or positive way, we would announce it," Zentiva said in a written response to Reuters questions.

"At the moment, we do not have such information."

In the past two quarters, Zentiva warned results would not meet market expectations due to an erosion on the key Czech market, write-offs in Romania, and consolidation of this year's acquisition in Turkey.

(Reporting by Jan Korselt; Editing by Paul Bolding)

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Keywords: CZECH ZENTIVA/

[PRAGUE/Reuters/Finance.cz]